ETH: What to Expect

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ETH has been traveling in a massive triangle for about a month, and all this consolidation indicates that a big move is coming. From the fib we can see that ETH is traveling in a small wedge with the 0.236 fib acting as support. With the head and shoulders formed, I would say there is a bearish bias here, and that we could see some movement down to the 0.382 fib or even the 0.618 fib. However, if we do break up we can expect to see old highs in no time, and a possible continuation to $2500.